earnings
confidence high
sentiment positive
materiality 0.75
Wolverine Q4 ongoing revenue +3.0%, adjusted EPS $0.42 vs -$0.26; FY25 guide above 2024
WOLVERINE WORLD WIDE INC /DE/
2024-FY EPS reported
$0.58
revenue$1,755,000,000
- Q4 ongoing revenue $494.7M (+3.0% YoY); Work Group +20.6%, Merrell +1.0%, Wolverine +20.5%.
- Q4 adjusted diluted EPS $0.42 vs $(0.26); gross margin 44.0% (+620 bps adjusted).
- Full year 2024 adjusted diluted EPS $0.91 vs $0.15; adjusted operating margin 7.5% (+360 bps).
- Inventory down 35.6% to $241M; net debt down 33.1% to $496M.
- FY2025 revenue guidance $1.795-1.825B (growth 2.5-4.3%); adjusted EPS $1.05-$1.20.